St. Lucia
On 1 January 2016, St. Lucia’s government launched its citizenship through investment program. A qualifying investment must meet the minimum level of investment either in the Saint Lucia National Economic Fund or in an approved immovable project.
The proposed minimum contribution commitment to the program is set at $100,000 for a single person, $165,000 for a couple and $190,000 for a four-family. For real estate the minimum for the main applicant is set at $300,000. A temporary bond proposal was introduced in May 2020 proposing an option beginning at $300,000 for a single borrower with a return on capital of five years. Governing, Professional and Due Diligence fees apply in all cases.
Saint Lucia is a fairly tropical nation in the Eastern Caribbean Sea. The country is a favorite of destination weddings and laid-back holidays among tourists. In the region, St Lucia is pretty much unrivaled in terms of the quality of life it offers. The country has an extremely low crime rate, top-notch developments in real estate and a wealth of world-class services and infrastructure. Saint Lucia was a former British colony and became independent only in 1979. As a sovereign country, Saint Lucia is currently a member of several prominent international organizations including the OAS, UN, and CARICOM. English is the country’s official language, and the justice system is based on English Common Law. Saint Lucia ‘s second citizenship scheme accepts applicants from all countries, without limitations.
The CBI program Saint Lucia is handy for those investors who need a powerful secondary passport. The currently on offer investment program first became operational in 2016 and is regulated by the Investment Act No 14 passed in 2015, and subsequent amendments. The Constitutional Act requires the Government of St Lucia to give citizenship to any foreign national capable of fulfilling the requirement necessary investment criterions.
Basic Requirements:
To be able to apply for the country’s citizenship by investment program, an investor must fulfill some specific requirements, as listed below:
- The primary applicant must be at least 18 years old.
- He/She must have a clean criminal record.
- Should be of good health.
- Must be able to prove his/her source of investment.
- Should clear due diligence checks and gain approval.
Dependents who can be coupled with this program:
- Spouse of the main applicant.
- Children below 26 years of age.
- Parents of the main applicant above 65 years of age.
St Lucia Investment Criterion
Contribution to National Economic Fund
Single Applicant
$110 130
Family of 4 (Main applicant + Spouse + 2 Children under 12 yrs)
$210,020
Real Estate Investment
Single Applicant
$360 130
Family of 4 (Main applicant + Spouse + 2 Children under 12 yrs)
$455 020
National Economic Fund
The National Economic Fund (NEF) is created for the sole purpose of obtaining investment from its system of citizenship. A single applicant must make a non-refundable donation of USD 100,000 to the NEF; the minimum contribution required for a family of up to 4 members is USD 200,000.
Real Estate Investment
The investment in real estate is one of the world’s most preferred ways to acquire a secondary passport and helps the buyer to get his property within the world. In a government-authorized real estate property the minimum investment amount of USD 300,000 must be made.
Government Bonds
St Lucia is the only Caribbean country that allows you to get a secondary passport through the purchase of government bonds. The investor will receive no interest against the bond and he / she will have to hold the bond for 5 years. Through this route the minimum investment required is USD 500,000.
Authorized Business Project
An ideal route for candidates looking to make a profit with their investments. The minimum investment required through this route is as one applicant USD 3.5 million, or as part of a joint venture USD 1 million.
To gain a second St Lucia passport through their investment program, the applicants are not required to reside or visit the country during the application process. Listed are some of the significant benefits of opting for the St Lucia CBI program:
- The St Lucia Passport permits its holder to travel visa-free to more than 125 countries across the globe.
- The country does not impose any global income tax from its non-resident citizens.
- The country does permit dual citizenship, and investors can continue to live their own country of residence.
- The Saint Lucia passport acquired through their investment program is valid for a lifetime and can be passed onto future generations.
